Marseilia Egyptian Gulf Real Estate Investment (MAAL) reported a net profit of EGP 26.2 million in 2021, up 36.1% YoY.
The company’s revenues increased during the year, recording EGP 534.9 million, compared to EGP 413.3 million in 2020.
The company announced a partnership contract to develop an area of 205 acres on the northwest coast, at a value of EGP 6.5 billion.